Common use of Accounting Policies/Change of Business Clause in Contracts

Accounting Policies/Change of Business. The Company shall not: (1) change its fiscal year or any of its significant accounting policies except to the extent necessary to comply with GAAP; and (2) make any material change in the nature of its business as carried on as of the Closing Date (after giving effect to the Acquisition).

Appears in 4 contracts

Samples: Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Obsidian Enterprises Inc)

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Accounting Policies/Change of Business. The Company shall not: (1) change its fiscal year or any of its significant accounting policies except to the extent necessary to comply with GAAP; and (2) make any material change in or expansion of the nature of its business as carried on as of the Closing Date (after giving effect to the Acquisition)Date.

Appears in 2 contracts

Samples: Credit Agreement (Escalade Inc), Credit Agreement (Escalade Inc)

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